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2016 (8) TMI 67 - AT - Income TaxGranting of interest u/s.244A on payment of self-assessment tax - Held that:- An assessee is entitled to compensation by way of interest for the delay in the payment of amounts lawfully due to the assessee which are with held wrongly and contrary to law. As decided in CIT Vs.Cholamandalam Investment & Finance Co. Ltd. [2007 (6) TMI 69 - HIGH COURT , MADRAS ] the assessee is entitle to compensation by way of interest for delay in refund - Decided in favour of assessee.
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